Nissha Co.ltd. · TSE:7915
Nissha Co.ltd — H1 2026 Earnings Presentation
14 slides from Nissha Co.ltd's earnings presentation, Sep 30, 2026
Slide 1: Financial Results for FY2026 Q2 (H1)
Financial Results for FY2026 Q2 (H1) Ended June 30, 2026 September 30, 2026 Junya Suzuki Chairman of the Board and Group CEO Nissha Co., Ltd.
Slide 2: Investigation into the Inappropriate Accounting Treatments at USM Healthcare
Investigation into the Inappropriate Accounting Treatments at USM Healthcare ⚫ May 20, 2026 Acquired USM (made it a consolidated subsidiary) ⚫ June 26, 2026 Inappropriate accounting treatments before the acquisition verified ⚫ July 10, 2026 Investigation started with a team including external expert
Slide 3: Financial Impact of the Matter
Financial Impact of the Matter ⚫ H1: Impairment test conducted on the USM goodwill, and an impairment loss recorded ⚫ H2: Investigation expenses for the inappropriate accounting treatments at USM to be recorded H2 forecast H1 impact Description Description impact Investigation USM goodwill Operating
Slide 4: Highlights
Highlights FY2026 Q2 (H1) Results ⚫ Tailwinds ⚫ Consolidated: Net sales exceeded the previous forecast. Excluding the USM goodwill impairment loss, operating profit also exceeded the previous forecast ⚫ Industrial Materials: Demand in decoration remained solid, demand for sustainable materials recov
Slide 5: FY2026 H1 (6 months) Results
FY2026 H1 (6 months) Results (Millions of JPY) 2025 H1 2026 H1 2026 H1 vs. Prev. YoY Results Prev. forecast Results forecast Net sales 97,049 94,000 ✓ 96,033 -1.0% ✓ +2.2% Industrial Materials 37,570 39,800 41,147 +9.5% +3.4% Devices 29,752 23,300 22,868 -23.1% -1.9% Medical 26,886 28,100 29,034 +8.
Slide 6: FY2026 Q2 (3 months) Results
FY2026 Q2 (3 months) Results (Millions of JPY) 2025 Q2 2026 Q1 2026 Q2 2026 Q2 vs. Prev. YoY QoQ Results Results Prev. forecast Results forecast Net sales 49,606 45,790 48,210 ✓ 50,242 +1.3% +9.7% ✓+4.2% Industrial Materials 18,785 19,529 20,271 21,618 +15.1% +10.7% +6.6% Devices 16,193 10,400 12,90
Slide 7: Industrial Materials: Q2 Results, H2 Forecast
Industrial Materials: Q2 Results, H2 Forecast Quarterly net sales and operating profit margin ⚫ Q2 Results QoQ (Forex: JPY157/$) ⚫ Decoration: Demand for mobility exterior functional ■Sustainable Materials (Metallized paper and others) components continued ■Decoration (Home appliances and others) ⚫
Slide 8: Industrial Materials: Mobility exterior functional components expanding
Industrial Materials: Mobility exterior functional components expanding ⚫ 2026 estimate: Annual net sales to expand to Mobility exterior functional components 3.0 billion yen Net sales growth (Billions of JPY) ⚫ 2027 plan: Annual net sales to expand to 6.0 billion yen, mainly driven by higher produc
Slide 9: Devices: Q2 Results, H2 Forecast (excl. USM goodwill impairment loss)
Devices: Q2 Results, H2 Forecast (excl. USM goodwill impairment loss) Quarterly net sales and operating profit margin ■Handheld terminals (logistics related) and others ■Tablet devices and others ⚫ Q2 Results QoQ (Forex: JPY157/$) ●Operating profit margin (excl. impairment loss) ⚫ Tablet devices: De
Slide 10: Medical: Q2 Results, H2 Forecast
Medical: Q2 Results, H2 Forecast Quarterly net sales and operating profit margin ■Pharmaceuticals (CDMO) ■Medical devices (Own brand) ⚫ Q2 Results QoQ (Forex: JPY157/$) ■Business media ■Medical devices (CDMO) ⚫ Medical devices CDMO: Demand remained solid ● Operating profit margin ⚫ OTC pharmaceutica
Slide 11: FY2026 Forecast
FY2026 Forecast (Millions of JPY) Previous Forecast (May 12) Revised Forecast (September 30) FY2026 FY2026 FY2026 FY2026 FY2026 FY2026 Full-year Full-year H1 H2 H1 H2 Forecast Forecast Forecast Forecast Results Forecast Net sales 198,000 94,000 104,000 195,000 96,033 98,967 Industrial Materials 81,4
Slide 12: (Reference) Capital investment, Depreciation and amortization, M&A investment, R&D (FY2026)
(Reference) Capital investment, Depreciation and amortization, M&A investment, R&D (FY2026) (Millions of JPY) Q1 Results Q2 Results Capital investment 2,334 3,377 Depreciation and amortization 2,562 2,661 M&A investment 648 7,208 R&D 766 757 ©2026 Nissha Group 12
Slide 13: (Reference) External ESG evaluations
(Reference) External ESG evaluations ⚫ESG rating agencies ⚫ CDP: Climate Change score of “A” (the highest of eight levels), Supplier Engagement Leader (for the second consecutive year) ⚫Indices ⚫ ESG indices adopted by GPIF ⚫ FTSE JPX Blossom Japan Index ⚫ FTSE JPX Blossom Japan Sector Relative Inde
Slide 14: Among the information included in this presentation and provided at investor briefings and conferences,
Among the information included in this presentation and provided at investor briefings and conferences, performance targets, plans, outlooks, strategies and other information that is not constituted of actual past facts, is information that has been judged reasonable by the managers of the Company b